To do a good job, you must be careful about the tools you use, such as those of official MetaQuotes, the world leader in trading software.
Metaquotes’ and MT5 are being pursued by traders around the world.
Most trading platforms recommend that you use MT4 or MT5 tools.
But which is better, MT4 or MT5?
Some say MT4 is easier to use, while others say MT5 is more helpful for traders.
Both types of software have their own characteristics.
You can choose one that suits you better based on what they do.
The following will explain the differences between MT4 and MT5 so that you can make a decisive choice.
MT4 is a trading tool designed by MetaQuotes for and futures trading.
Support three modes of trading (including trading) or four.
For each forex or futures trading variety, 9 periods can be displayed, 30 built-in technical indicators and 24 graphical objects can be invoked.
In addition, you can add other metrics to the database.
It already meets the needs of most traders.
In terms of account fund security, MT4 can also fully encrypt the data exchange between the client and the server, achieving the highest security standards.
The operating interface is very simple, in addition to mobile phone and computer software, it also supports the browser Web side operation.
All transaction records can be provided to support EA transactions based on MQL4 language.
MT5 features The MT5 instrument is a relatively diversified instrument that can be used to trade foreign exchange, equities, bonds and futures.
It also supports mobile, computer, browser and web operations.
Includes 21 time periods and more than 80 built-in technical indicators and graphical analysis objects.
MT5 has a market depth feature that provides quote sheets, trading times, and volume information to help you better analyze.
At the same time, support the one-sided trading mode (only to buy up or down), lock-in mode (may be similar to hedging unbalance).
MT5 has more powerful algorithmic trading capabilities and is based on the MQL5 language.
It also offers financial market news and free chats with other traders.
Comparison between MT4 and MT5 1. MT5 supports more investment varieties than MT4.
2. MT5 has more functions that allow traders to better understand the market, such as market depth, economic calendar, trader chat tools, etc.
3. In terms of trading methods, MT5 has richer listing trading functions and supports unilateral trading mode.
4. MT5 is richer in technical indicators, graphic resources and time cycles for trading analysis.
5. MT5 is a new trading tool launched in 2010 by MetaQuotes, which is more advanced in operating systems and hardware.
MT5 supports a 64-bit operating system, which speeds up operation and allows up to 100 charts to be opened simultaneously.
At the same time, however, this results in larger operations and memory, and slower applications than MT4.
6. There is no limit on the trading variety supported by MT5, but the maximum trading variety allowed by MT4 is 1024.
7. In terms of interface, MT4 is relatively simple, while MT5 has more functions and is more complex.
8. While both MT4 and MT5 support lock-in trading, lock-in and hedging are not exactly the same.
Some MT5 does not support hedging.
9. MT5 doesn’t need bridging, but MT4 needs the help of bridging technology, so MT5 is more secure in terms of market circulation.
10. MT5 has richer history backtracking function, supports multiple pairs of simultaneous backtest, and supports virtual orders during backtest.
MT4 supports backtesting of only a single species at a time.
11. There is no limit to the amount of transactions MT5 can handle, but MT4 can only handle tens of millions of transactions at a time.
The main differences between MT4 and MT5 are as follows: in general, MT4 can meet most of the trading needs of the average person, but MT5 is more feature-rich and more suitable for advanced traders.
In fact, when we apply a tool, we should not covet too many features, but take full advantage of everything.
Although MT4 has been around for more than a decade and is being promoted by Metaquotes, MT4 is still the most used and popular among forex traders.
In this respect, it also shows that MT4 can meet most transaction requirements.
If you are already familiar with it, you can continue to use it.
If you trade a lot, need a lot of backtesting, trade at a high level, or want to trade stocks, currencies, bonds and other investments at the same time, you can choose MT5.